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IPFS News Link • Social Engineering

IMF Wants to Use "digital footprint of customers' … online activities" to Assess Credi

• Organic Prepper - Robert Wheeler

For years, researchers have warned of a system in which the government controls every aspect of its citizens' lives. Every citizen would have to rely entirely on the government to survive in this system. This system has been openly discussed for many years by the "ruling class." Aka: those who have been allotted social credit (or not) and power based upon their views and opinions

The system has already begun in China and is now spreading globally

In a recent post, "What is Really New In Fintech," on the IMF blog (International Monetary Fund), authors Arnoud Boot, Peter Hoffmann, Luc Laeven, and Lev Ratnovski suggest "rapid technological change" in the financial industry. Many social media and other online platforms are now creating and accepting payments. This revolutionary change in the banking world could change the face of finance forever. 

As a result of this rapid change, the authors bring up the following questions:

-What are the transformative aspects of recent financial innovation that can uproot finance as we know it?

-Which new policy challenges will the transformation of finance bring?


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